In a case based on diversity of citizenship, a federal court will apply the relevant state law.
Answer the following statement true (T) or false (F)
True
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Anole Company was incorporated as a new business on January 1, 2015 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2015, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year
ended December 31, 2015, was $375,000. Refer to the information about Anole Company. Anole's total stockholders' equity reported on the balance sheet at December 31, 2015, is a. $ 60,000 . b. $120,000 . c. $180,000 . d. $555,000.
Which of the following best illustrates the use of multifactor authentication?
A. Requiring the use of upper case, lower case, numeric, and special characters for a password. B. Requiring password changes every 30, 60, or 90 days. C. Requiring the use of a smart card and a password. D. The use of a fingerprint scanner for access to a device.
To settle debts of general partnerships and sole proprietorships, creditors have a claim on the owners' business and personal assets
Indicate whether the statement is true or false
Which of the following budgets would be prepared by manufacturing companies but not merchandising companies?
A) Sales budget B) Cash receipts budget C) Production budget D) Selling and administrative expenses budget